CNBC-TV18's top stocks to watch out for on September 4

SUMMARY

The Indian market is likely to open lower on Friday following a sell-off in global markets. At 7:30 am, the SGX Nifty was trading 114.50 points or 0.99 percent lower at 11,429.50, indicating a negative start for the Sensex and Nifty50.

By CNBC-TV18Sept 4, 2020 7:38:59 AM IST (Updated)

Infosys | The company will acquire a product design and development firm, Kaleidoscope Innovation.

Tata Motors | Energy Efficiency Services Limited (EESL), a Super Energy Service Company (ESCO), under the administrative control of the Ministry of Power, Government of India, will procure 250 electric vehicles from Tata Motors and Hyundai Motor India.

Vodafone Idea | The company has clarified on reports of Verizon, Amazon looking to invest over $4 billion in the company. It said that as a part of corporate strategy, the company constantly evaluates various opportunities for enhancing the stakeholders’ value.

Hindustan Aeronautics | Government will sell 502,462 equity shares to the company's eligible employees at Rs 950.95 per share via an offer for sale during September 4-9.

Adani Gas | Rating agency ICRA has upgraded the company's long-term rating to AA- and re-affirmed short-term rating at A1+ with a stable outlook.

GSFC | The company has restarted the Methanol plant with a daily installed capacity of 525 MT.

CreditAccess Grameen | The company’s board has approved raising of Rs 1,000 crore via equity.

Jubilant Industries | The company reported a net loss of Rs 3.1 crore in Q1FY21 as against a profit of Rs 9.6 crore and revenue of Rs 94.3 crore as compared to Rs 151.8 crore, YoY.

Hind Rectifiers| The company’s Mumbai manufacturing plant has increased its capacity to 30 percent from 10 percent.

5Paisa Capital | The company’s board has approved raising Rs 900 crore via issue of equity shares,

Earnings | National Aluminium Company (NALCO), Future Retail, Goodyear India, Jubilant Life Sciences, NLC India, Repco Home Finance, RattanIndia Infrastructure, RattanIndia Power, Seamec, among others.